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Micron & Meta: AI's Next Big Winners?
5 Jul
Summary
- Micron's sales quadrupled year-over-year in fiscal Q3 2026.
- Meta Platforms reported 33% year-over-year revenue growth in Q1.
- New AI glasses market poised for 24.2% CAGR through 2033.
Micron is experiencing significant growth, positioning itself at the forefront of the memory boom. The company recently announced a strategic partnership with Anthropic, which is expected to contribute to meaningful revenue increases.
This collaboration is crucial for developing efficient AI training and serving capabilities. Micron's sales quadrupled year-over-year in its fiscal 2026 third quarter, with revenue nearly doubling sequentially. Projections indicate $50 billion in fiscal 2027 fourth-quarter revenue.
Meta Platforms also shows strong performance, with a forward P/E below 20. The company achieved 33% year-over-year revenue growth in Q1, underscoring its continued success in the online advertising market.
Beyond its core ad business and growing user base, Meta Platforms is venturing into new revenue segments, notably AI glasses. This emerging industry is projected to grow at a 24.2% CAGR through 2033, with Meta holding a competitive edge.
